British Gas, Scottish Power and E.On LOSE High Court row over handling of Bulb sale – but it might not be over yet March 31, 2023 Three major energy suppliers have lost their High Court challenge over the Government’s handling of the sale of collapsed energy firm Bulb.
Ex England cricket captain Michael Vaughan ‘cleared’ of using racist language in Azeem Rafiq row March 31, 2023 Michael Vaughan has said that an England and Wales Cricket Board charge of using racist and/or discriminatory language against him has been dismissed. The former England captain was alleged to have used the term “you lot” towards a group of four Yorkshire players of Asian ethnicity prior to a T20 match in June 2009, including Azeem Rafiq [...]
What is the CPTPP trade bloc, why has Britain joined it, and is it really about ‘post Brexit freedoms’? The jury’s out March 31, 2023 Britain has formally joined a major Indo-Pacific trade bloc as prime minister Rishi Sunak said it allowed the UK to take advantage of “post-Brexit freedoms”. But does it really allow the UK to become a global player once again? The jury is out. The PM hailed the UK accession to the Comprehensive and Progressive Agreement [...]
Four ex bankers convicted over accounts with Putin-linked man who’s ‘part of system that managed his offshore wealth’ March 30, 2023 Four former bankers with the Swiss affiliate of a key Russian bank have been found guilty of failing to properly check accounts opened in the name of a Russian cellist with long-time ties to President Vladimir Putin. The defendants were handed suspended sentences in Zurich district court that, if violated, could lead collectively to hundreds [...]
Ease in semiconductor shortage helps car production increase by 8,000 as UK shipments to EU up 6.5 per cent March 30, 2023 Car production has increased following an easing of a two-year long shortage of semiconductors, figures show. The number of cars built in UK factories reached 69,707 last month, over 8,000 more than the same month a year ago, said the Society of Motor Manufacturers and Traders (SMMT). The report noted an improvement in supply chain [...]
Backlash from over 50s may force government to delay increase in state pension age to 68 until after election March 30, 2023 Plans to increase the state pension age to 68 have been delayed, according to reports. Work and Pensions Secretary Mel Stride is expected to address MPs in the Commons on Thursday, when he is expected to update them on the latest statutory review on the pension age. According to reports in the i and the [...]
The Square Mile and Me: 1 Lombard Street and Ekte boss Soren Jessen on his best City lunch March 30, 2023 Each week we ask the City great and the good for their Square Mile anecdotes. This week, it’s banker turned restaurateur Soren Jessen, the man behind 1 Lombard Street and Ekte How did you find yourself in the City? I came over from Denmark to work in the City first with Goldman Sachs for many [...]
Cash is NOT king: Almost half of Brits say they have been discouraged from using physical money March 29, 2023 Nearly half of people have recently been somewhere that has not accepted or has discouraged the use of cash, according to a survey. Some 45 per cent of people surveyed by YouGov between March 8 and 9 said they had been somewhere in the previous eight weeks where cash was discouraged or not accepted. One [...]
Losing Bakhmut will let Putin ‘sell this victory to the West, to his society, to China, to Iran’ – Zelensky March 29, 2023 Ukrainian President Volodymyr Zelensky has warned defeat in the battle for Bakhmut would enable Russia to start building international support for a deal that would require his nation to make unacceptable compromises. And he has invited Chinese President Xi Jinping, long aligned to Russia, to visit. Mr Zelensky said if the eastern city of Bakhmut [...]
FTX: Bankman-Fried charged with paying $40m Chinese bribe March 29, 2023 U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $40 million bribe to Chinese officials so they would unfreeze his hedge fund's accounts.
